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SP (owner)     31 January 2013

Soliciting suggestion regarding family assets

Hello:


Parents have self earned property, no ancestor property.  have 2 children, both are married and have 4 grand children in all (two for each child).

 

Is it better to partition property and divide among their 2 children ?

or

Is it better to make a will and name both of their children as coowners ?

or

is it better to form an estate with grand children as inheritors and children as guardian ?

 

appreciate your suggestion.



Learning

 1 Replies

Advocate Vishnu (Advocate)     31 January 2013

It is always better to partition the property amongst two of their children. Dealing with two legal heirs is much easier than 4 legal heirs and their families.


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